Parakeet

Early & on-time payments

Parakeet and Esker make it easy to create, manage and approve early and on-time payments with one integrated solution. Parakeet’s solution is seamlessly integrated into Esker’s Accounts Payable solution so that customers and suppliers can dynamically better manage their cash flows.

Benefits include:

• Improved customer relationships Every invoice paid early or on-time is a financial and emotional contribution to the wellbeing of you, your partners and the business community.
• Optimised cash flow and debt management Manage your limits and budgets from your bank accounts and credit cards in real time, through your personalised Parakeet dashboard.
• Automated and accelerated early payments Parakeet links invoices and bills for easy approval and quickly lets you view return offer opportunities to boost cash flow or cut down debts.
• Reduced errors and admin time Avoid double data entries with Parakeet's seamless API integration.
• Integrated accounts payable and accounts receivable Consolidated invoices and payment processes are connected back to your existing accounting software for easy reconciliation.

Customers: make every payment a tresurer's dream

• • Negotiate discounts on every supplier invoice
  • Reduce costs 
  • Assist suppliers in need of cash 
  • Increase your return on cash 
• • Transform AP into a treasury centre
  • Improve profit margins
  • Seamlessly connected to Esker’s Accounts Payable solution

Suppliers: reduce financial stress & get paid faster

Smarter way of doing business

• Get paid earlier by providing discounts to customers
• Convert receivables to cash in the bank
• Reduce debt without admin burdens
• Increase customer loyalty

Easy set up 

• Set up your discount configuration in minutes
• Start getting paid faster and on schedule
• Optimise discounts for liquidity, cash flow and debt management
• Control which clients receive discounts
• Customise return rates and amounts to ensure profitability

New heights await 

• Connect with buyer’s AP portal and maximise use of capital.
• Minimise reliance on debt
• Decrease cost of funding